Relentless Resources Announces Private Placement Upsize and Completion

CALGARY, ALBERTA–(Marketwired – Dec. 12, 2014) – Relentless Resources Ltd. (“Relentless” or the “Company“) (TSX VENTURE:RRL) is pleased to announce an increase by $346,925 and completion of its previously announced non-brokered private placement. The Company issued 4,513,890 common shares of the Company (“Common Shares“) at a price of $0.225 per Common Share and 4,930,740 Common Shares issued on a “flow-through” basis pursuant to the Income Tax Act (Canada) (“Flow-Through Shares“) at a price of $0.27 per Flow-Through Share for aggregate gross proceeds of approximately $2.35 million. The Common Shares and Flow-Through Shares are subject to a four month hold period expiring on April 13, 2015. The Company paid a finder’s fee of $14,496 to Fin-XO Securities Inc. in connection with the private placement.

About Relentless Resources Ltd.

Relentless is a Calgary based emerging oil and natural gas company, engaged in the exploration, development, acquisition and production of natural gas and light gravity crude oil reserves in Alberta. Relentless’s common shares trade on the TSX Venture Exchange under the symbol “RRL”.

Relentless’s primary corporate objective is to achieve non-dilutive growth and enhance shareholder value through internal prospect development, strategic production acquisitions and prudent financial management.